Guest:Nowadays India is one of the second country in the world according to the population, furthermore it is poised to overtake Japan as the World’s third largest economy. As we know Indian is very fast growing economy and it influenced development of new technology and creation of new companies.
“If the growth of the economy is important, so is science and technology, because it drives this growth.”
( Dr. Abdul Kalam )
To understand all this economy growth the analysis and comparison of the basic indicators in India are used.
Basic Indicators in year 2006
Population1.1 billion Population growth rate1.38% Inflation Rate5.3% GDP (PPP) $4.042 trillion GDP growth $796.1 billion GDP growth rate 8.5% GDP per capita (PPP) $3.700
Population in India is 1.1 billion and population growth rate is 1.38% a year. As it was mentioned before, it has largest economy and the third largest in Asia behind Japan and China, because GDP (Gross Domestic Product) Purchased Parity Power (PPP) is $4.042 trillion and GDP growth is $796.1 billion. GDP growth rate is 8.5%, it means that Indian economy is increasing. Also it seemed that a young people can find job in India and they will increase the labour force in the next few years. It can be found in the Figure 1 of GDP by sectors that the biggest percentage is services, which amount for 61 per cent; agriculture and industry are equal 20 and 19 per cent of all GDP during 2005. In addition, this explains why Indian industry is not big enough; having in mind that it is the fast growing economy. According to an article “Virtual Champions” by the journal Economist, only 100.000 people have five or more year’s experience in Indian industry. Usually Indian manufacturing is fast growing, but it will not create huge numbers of job, because India has tended to be in short supply and expensive. Also labour has remained plentiful and cheap because there are many people who live in the villages and need work to escape from the rural redundancy. On the other hand, India has plenty of farmers, as fruit and vegetables are far more labour-intensive than rice and wheat. Nevertheless, there are many reasons which do not help to create a bigger industry in India, for example including regulatory problems and woeful infrastructure.
India is moving forward with market-oriented reforms of economic as liberalized foreign investment and exchange regimes, industrial decontrol, significant reductions in tariffs and other trade barriers, reform and modernization of the financial sector, significant adjustment in government monetary and fiscal policies, and also safeguarding intellectual property rights.
Major partners in India are the United States, China and European, which can be found in the Figure 2. The USA in India is the largest trading partner- 16.7 per cent, but as import it is in the second place with just 5.6 per cent. Also China is the largest import partner- 7.3 per cent, but it is in the second place as trading partner with just 6.6 per cent. European Unions’ exports and imports are almost equal 4.9 and 4.7 per cent.
India’s economy is growing, that’s why the demand of labour force is growing. In 2005 in India there was the most of labour force working in agriculture; it is 60 per cent, than in services – 28 per cent and in industry – just 12 per cent. It is not a surprise that the largest labour force is in agriculture, because agricultures’ products, cotton and tea are the most important goods which are being exported to other countries such as the USA, China or EU. Also there are more exported goods as engineering goods, precious stones, gems and jewellery, and handicrafts. On the other hand import in India is not as important as export is (see Figure 2), because India has just started to move the companies to foreign countries or doing business there. And the major goods of import are just machinery and transport equipment, electronic goods, petroleum, chemicals, gold, iron and steel.
It is important to analyse the most famous international companies, which help to increase India’s economy. As it is known, India in these days is the most popular for investors from foreign countries, e.g. for the United States, Germany, United Kingdom and others. Because India is young while doing business and creating new companies. It is also important to mention that India’s businessmen need more experience and training for being successful employees in companies, for example some sectors of economy growing, such as producing of cars is growing at annual rate of over 15 per cent per year.
2018-01-09 03:50:53
Guest:2006 year data:
Car companies
It is not a new idea to produce cars in India. It is well known that in India there are terrible roads and conditions for going by car are the same as well. However, western investors did not scare to invest in India and produce cars there. The main reason of this is relatively low labor costs. In India there are already factories of such worldwide known car producers as:
BMW
General Motors
AUDI
IT companies
IBM
Microsoft
HP
Phillips
SONY
CANNON
BOSCH
LG
Siemens
Food companies
McDonald’s
Telecommunication companies
India is one of the leading countries in the world in the growth of mobile-phone subscribers nowadays. According to the Economist, India has one of the world’s lowest phone penetration rates and India’s government is expecting to have about 500 million new phone subscribers by year 2010. However, today in all over the world the 3G service for mobile phones is very popular, but India is away from this mobile phone boom today, because there are no possibilities to provide this service at low costs. Mobile phone and telecommunication companies have huge revenues per year and are very successful in this country.
it is nice to meet you = AAP SE MIL KE KHU-SHI HUI .
2018-01-11 03:46:15
Guest:In recent years, the dress code in Indian business settings has undergone a transformation. Moreover, it also differs widely across regions and business sectors. Therefore, it is difficult to make a generalization about the most appropriate way to dress that will be valid across India . However, for Western business people in India, shirt, trousers, tie, and suit are proper attire. A jacket should be worn to initial meetings or when seeing government officials. For more formal meetings (and during the cooler season) a lightweight suit will suffice. Leather clothing or any accessories made from animals should be avoided.
In the southern part of India, where the climate is very hot, a light suit is preferable. In the north during the winter, a light sweater and jacket are a good choice. Indian business people, on the other hand, often will wear local dress. In many cases, this includes a dhoti, which is a single peace of white cloth that is passed around the waist up to half its length and then the other half is drawn between the legs and tucked at the waist. Long shirts are worn on the upper part of the body. In some locales, such as Punjab, Sikhs will wear turbans, and well-to-do Hindus sometimes will wear long coats like the Rajahs. This coat, known as a sherwani, is the dress recognized by the government for official and ceremonial wear. Foreign businesspeople are not expected to dress like locals, and in fact, many Indian business people will dress like Europeans. Therefore, it is unnecessary to adopt local dress codes .
Women should always dress conservatively. Avoid wearing skirts that rise above the knee, and never wear a sleeveless dress or blouse. It is advisable to wear casual dresses or pants ensembles . The neckline of the blouse or the top should be high. Jeans with a T-shirt or short-sleeved shirt are acceptable as casual wear in informal situations for both men and women . Shorts are acceptable for men only when exercising; women who jog should wear track pants. Pants for women are also acceptable. Sandals or chappals are an alternative during the hot months and the monsoon . Men should not wear Indian caps (they are generally worn by villagers and lower-class people) . It is also important to select neutral colors, which are subdued and not very bright.
Indians may invite Western friends to weddings, naming ceremonies, and related events. For a Western female guest, it would be appropriate to wear a sari on these occasions, if she so desires. Hosts will interpret it as a gesture of good will and equality if she makes the effort to wear an Indian outfit. For men during cultural ceremonies, a well-made kurta and pajama is appropriate. This consists of a long thin shirt, usually made of silk, and thin matching pants. Women often wear a similar outfit called a salwar kamiz. Of course, Indian women often wear a sari for formal occasions .
2018-01-16 11:11:14
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